CarMax, Inc. (NYSE:KMX) EVP Sells $1,067,702.68 in Stock

CarMax, Inc. (NYSE:KMX) EVP Diane L. Cafritz sold 15,356 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the sale, the executive vice president now directly owns 6,977 shares in the company, valued at approximately $485,110.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

CarMax Trading Up 0.5 %

Shares of NYSE:KMX opened at $69.59 on Friday. CarMax, Inc. has a 52-week low of $59.66 and a 52-week high of $88.22. The stock has a market cap of $10.95 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.16 and a beta of 1.61. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. The business has a 50-day moving average price of $77.98 and a 200-day moving average price of $72.12.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.13). CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter in the previous year, the business earned $0.44 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities analysts predict that CarMax, Inc. will post 3.27 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on KMX. Evercore ISI dropped their price objective on CarMax from $85.00 to $74.00 and set an “in-line” rating on the stock in a research report on Friday, April 12th. Mizuho dropped their price objective on CarMax from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Needham & Company LLC dropped their price objective on CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a research report on Friday, April 12th. Wedbush reaffirmed an “outperform” rating and set a $90.00 price objective on shares of CarMax in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. dropped their price objective on CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a research report on Monday, April 15th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, CarMax currently has a consensus rating of “Hold” and a consensus target price of $77.42.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of CarMax by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 18,076,909 shares of the company’s stock worth $1,387,222,000 after purchasing an additional 222,132 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in CarMax by 3.9% during the third quarter. Diamond Hill Capital Management Inc. now owns 5,548,673 shares of the company’s stock valued at $392,458,000 after acquiring an additional 210,440 shares in the last quarter. Norges Bank purchased a new position in CarMax during the fourth quarter valued at approximately $288,278,000. Invesco Ltd. raised its position in CarMax by 3.1% during the third quarter. Invesco Ltd. now owns 2,938,541 shares of the company’s stock valued at $207,843,000 after acquiring an additional 88,488 shares in the last quarter. Finally, Morningstar Investment Services LLC raised its position in CarMax by 95.4% during the fourth quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company’s stock valued at $211,516,000 after acquiring an additional 1,326,840 shares in the last quarter.

CarMax Company Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.